5 CFR 1655.1 - Definitions.
(a) Definitions generally applicable to the Thrift Savings Plan are set forth at 5 CFR 1690.1.
(b) As used in this part:
Amortization means the reduction in a loan by periodic payments of principal and interest according to a schedule of payments.
General purpose loan means any TSP loan other than a loan for the purchase or construction of a primary residence.
Guaranteed funds means a cashier's check, money order, certified check (i.e., a check certified by the financial institution on which it is drawn), cashier's draft, or treasurer's check from a credit union.
Loan repayment period means the time over which payments that are required to repay a loan in full are scheduled.
Reamortization means the recalculation of periodic payments of principal and interest.
Residential loan means a TSP loan for the purchase or construction of a primary residence.
Taxable distribution means the amount of outstanding principal and interest on a loan which must be reported to the Internal Revenue Service as taxable income as a result of the failure of a participant to repay a loan in full, according to the terms of the loan agreement.
Title 5 published on 2015-12-02.
No entries appear in the Federal Register after this date, for 5 CFR Part 1655.